Jefferies Financial Group Reiterates “Hold” Rating for Reckitt Benckiser Group (LON:RKT)

Reckitt Benckiser Group (LON:RKTGet Free Report)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 5,600 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 20.64% from the stock’s current price.

A number of other research firms have also recently commented on RKT. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Citigroup dropped their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada restated a “neutral” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Friday, May 15th. Finally, Berenberg Bank reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 6,204.29.

Get Our Latest Stock Report on Reckitt Benckiser Group

Reckitt Benckiser Group Stock Performance

Shares of RKT traded up GBX 30 during mid-day trading on Tuesday, reaching GBX 4,642. The company’s stock had a trading volume of 7,867,014 shares, compared to its average volume of 22,792,814. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83. The stock has a market cap of £29.56 billion, a P/E ratio of 9.54, a PEG ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group has a 1-year low of GBX 3,866 and a 1-year high of GBX 6,522.92. The business has a 50-day simple moving average of GBX 4,760.83 and a two-hundred day simple moving average of GBX 5,516.77.

Insiders Place Their Bets

In other Reckitt Benckiser Group news, insider Kris Licht sold 5,435 shares of Reckitt Benckiser Group stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total value of £258,325.55. Also, insider Marybeth Hays bought 340 shares of the stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of GBX 4,585 per share, with a total value of £15,589. 0.45% of the stock is currently owned by insiders.

About Reckitt Benckiser Group

(Get Free Report)

At Reckitt, we protect, heal and nurture. We are the company behind some of the world’s best known and most trusted Health and Hygiene consumer brands.

Delivering for a cleaner, healthier world requires strong brands with a global footprint. From Dettol, Lysol, Durex, Finish, Harpic and Vanish, Mucinex, Nurofen, Gaviscon, Veet and Strepsils, consumers love and rely on our brands to care for their families, as they have done for over 200 years.

We use our scientific expertise and deep human understanding to develop solutions to help people improve their lives – that is why over 30 million Reckitt products are sold each day worldwide.

At Reckitt, we’re all making a real difference to people all over the world, every day.

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Analyst Recommendations for Reckitt Benckiser Group (LON:RKT)

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